Bango revenues up 83% at £12.32m

7:32am

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Regenersis trading ahead of last year

7:32am

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Greene King profits dip as margins squeezed

7:32am
Brewer and pubco Greene King said in the 24 week period to 18th October, revenue was £464.5m, up 4.3% from £445.5m in the prior year period.

Operating profit was down 3.3% from £106.8m to £103.3m and earnings per share fell 17.2% to 22.6p from 27.3p last time.

Operating margins fell from 24% to 22.2%.

Pretax profit for the period rose 2.8% to £62.4m.

Interim dividend was maintained at 5.9p per share.

Greene King Retail like-for-like sales growth was 4.6%.

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TUI Travel profits up, increases full-year dividend by 10%

7:32am
Holiday giant TUI Travel said revenue was flat at £13.863bn in the year to end-September, while underlying operating profit was up 11% to £443m (2008: £398m) and underlying earnings per share increased 17% to 23.8p.

A final dividend of 7.7p per share will be paid, resulting in a 10% increase in the full year dividend to 10.7p per share (2008: 9.7p).

TUI said integration was progressing well, with £120m of synergy benefits delivered in the year and on-track to deliver the £200m target by 2011.

The group increased its differentiated product...

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House prices stall

7:17am
In its latest house price survey, Nationwide Building Society said today that UK house prices rose by 0.5% in November, the same rate as in October, while annually prices were up 2.7%.

Year-on-year house price inflation increased from 2% to 2.7%.

The average price of a house rose to £162,764 from £162,038 the previous month.

Martin Gahbauer, Nationwide's Chief Economist, said: 'The monthly rate of house price inflation was unchanged in November at a seasonally adjusted 0.5%, leaving the average price of a typical property 2.7% higher than a year earlier....

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FTSE tipped to start December with firm opening gains

7:02am
PRE-OPEN REPORT: Headline shares are tipped to open thirty-one to thirty-five points higher today, according to financial websites, following gains across Asia this morning, as Tesco enters the Christmas trade war.

US & ASIA

In the US last night, the Dow was up 35 points at 10,345, the Nasdaq Composite gained 6 points at 2,145 and the S&P500 added 4 points at 1,096.

In Asia today, the Nikkei was up 130.23 points at 9,475.78, while the Hang Seng ended the morning ahead 119.29 points at 21,940.79.

Crude...

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